The latest research from Southbank Cityscope shows property sales value have increased in the past three months.
Sales recorded in the quarter August 2018 totalled $432.6 million, an increase from the $396.4 million recorded in the three months to May 2018 and the $431.6 million recorded in the three months to February 2018.
This data brings the 12 month total to $1.567 billion, a decrease from the $2.165 billion recorded the same time last year.
The table below shows sales recorded for the past eight updates of Southbank Cityscope.
Notable sales in the August 2018 update of Southbank Cityscope include:
- 135-149 Kings Way, South Bank, a five-storey building and a single storey circular showroom with mezzanine level, completed in early 2006, on a site of 11,120 sqm, which was sold for $55 million;
- Photography Studies College at 63-65 City Road, Southbank, a two-storey brick warehouse/factory built in 1900 and 67-69 City Road, a three-storey reinforced concrete showroom, office and warehouse building, built in 1926 and refurbished circa 1972, which were sold together for a combined price of approximately $16.5 million through Allard Shelton Melbourne and
- 64-68 Clarendon Street, Southbank, a 412 sqm piece of vacant land, with a permit for a 33-level hotel and apartment development, which was sold for $12.5 million through Dixon Kestles.
Properties listed as for sale in August 2018 update of Southbank Cityscope include:
- The whole strata office building at 131 Sturt Street, South Melbourne including lot 1, 562 sqm on ground level plus eight car parking spaces, lot 2A, an office suite on ground level plus four car parking spaces, lot 3, 310 sqm on ground level plus a paved apron to the street with room for about six cars, lot 4A, an office suite on level one and a small area on ground level plus six car parking spaces, lot 5, an office suite on level one plus four car parking spaces and lot 6 an office suite on level one plus four car parking spaces, for sale through Colliers International Melbourne and
- Unit 1R at 63-73 Coventry Street, Southbank, a retail unit on the ground floor of Sunday Coventry Apartments, two 14-storey residential buildings with 237 apartments, three shops and three levels of car parking in a podium, for sale through CRS Property Melbourne.
Leasing opportunities listed in the August 2018 update of Southbank Cityscope include:
- Esso House at 12 Riverside Quay, Southbank, a 17-level office building completed in October 1995 and refurbished in 2005, which has office space ranging from 1,200 sqm to 22,000 sqm available through Savills Melbourne;
- The Atrium at 58 Queensbridge Street, Southbank, a two-storey building containing five large office-showrooms round an indoor garden courtyard, which has office space up to 7,152 sqm available through Colliers International Melbourne and Colliers International Melbourne East and
- South Wharf Office Tower at 30 Convention Centre Place, South Wharf, an A-grade 12-level office tower with black glass cladding, completed in mid 2009, which has office space of 2,170 sqm available through Cushman & Wakefield, CBRE Melbourne and JLL Melbourne.